EPEUS_LIMITED - Accounts

EPEUS LIMITED - Company Information

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Company Registration No. SC239233 (Scotland)

EPEUS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

EPEUS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

EPEUS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

754

30,790

Current assets

Debtors

507,334

808,036

Cash at bank and in hand

19,662

17,733

526,996

825,769

Creditors: amounts falling due within one year

(227,984)

(564,203)

Net current assets

299,012

261,566

Total assets less current liabilities

299,766

292,356

Creditors: amounts falling due after more than one year

(51,667)

(71,667)

Provisions for liabilities

(4,221)

248,099

216,468

Capital and reserves

Called up share capital

Profit and loss account

248,098

216,467

Shareholders' funds

248,099

216,468

EPEUS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2015

- 2 -

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 25 August 2016

M Thompson

Director

Company Registration No. SC239233

EPEUS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leashold property improve- ments

15% straight line

Office equipment

20-33% reducing balance & straight line

Fixtures & fittings

15% straight line

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

EPEUS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2014

91,703

Disposals

(89,380)

At 30 November 2015

2,323

Depreciation

At 1 December 2014

60,913

On disposals

(59,597)

Charge for the year

253

At 30 November 2015

1,569

Net book value

At 30 November 2015

754

At 30 November 2014

30,790

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £71,667 (2014 - £94,658).

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The immediate and ultimate parent company is Epeus Group Holdings Limited, a company registered in England.